Discover financial assistance programs that make homeownership more affordable for Vermont residents. From down payment assistance to low-interest mortgages, learn how to access thousands in savings.
The Vermont Housing Finance Agency (VHFA) offers comprehensive programs to help first-time homebuyers achieve homeownership with affordable financing and assistance.
A comprehensive first-time homebuyer program combining affordable mortgages with down payment assistance.
Low down payment mortgage options designed specifically for Vermont's first-time buyers.
Multiple programs offer grants and forgivable loans to help with down payments and closing costs, reducing the cash you need to buy a home.
Free money to help with down payment and closing costs. These grants do not need to be repaid.
A second mortgage that is forgiven over time as long as you remain in the home.
Help covering closing costs including attorney fees, title insurance, and other settlement expenses.
Vermont's homebuyer programs offer substantial financial advantages that make homeownership more accessible and affordable.
Put down as little as 3% instead of the traditional 20%, making homeownership accessible sooner.
Access to below-market interest rates that can save you thousands over the life of your loan.
Avoid private mortgage insurance on select programs, reducing your monthly payment significantly.
Receive assistance with closing costs, reducing the cash you need to bring to the settlement table.
Understanding the eligibility criteria helps you determine which programs you qualify for and how to prepare your application.
Income and purchase price limits vary by county and are updated annually. Contact a VHFA-approved lender for current limits in your area. Additionally, some targeted areas may have higher limits or relaxed requirements.
Follow these steps to access Vermont's homebuyer programs. The entire process typically takes 2-4 months from start to finish.
Start with the required 8-hour homebuyer education course.
Work with a lender who participates in VHFA programs.
Obtain pre-approval to understand your budget and strengthen offers.
House hunt within your approved price range and make an offer.
Complete the mortgage application process and meet all conditions.
Sign final documents and receive keys to your new Vermont home!
From starting homebuyer education to receiving your keys. Timeline varies based on housing market conditions and how quickly you find your home.
Take the first step toward affordable homeownership in Vermont. Visit VHFA to learn more about program details and find approved lenders, or contact our team for personalized guidance.
